Annual Report 2020
The Committee was interviewed for feedback on proposed ocean energy projects. These may take the form of a 96 MW offshore wind installation either off Archer’s bay in the north (fixed) or off Enterprise or Coconut Court in the south (floating), as well as a 10MW ocean thermal energy conversion plant off Holetown. The projects are all still in the planning/approval stage. Wind Projects The Committee participated in a virtual meeting with MoE and other stakeholders on 15 October to update on progress to 2030 goal of 100% RE. Wind was discussed in length and the MoE was adamant that it still had an important place. On 22 October the GC attended the BL&P’s virtual town hall on the Lambert’s 10 MW wind project. At this session it appeared that the project had a green light from all regulatory agencies and installation was to start in 2021. Since then the project seems to been stalled by regulatory issues and is looking less likely. LEGAL AFFAIRS/GOVERNANCE COMMITTEE The Legal Affairs Committee worked on several matters during the year but its main focus was on governance. Governance One of the areas that the President and the Council prioritized during 2020-21 was the internal governance structure of the Chamber and the Council. This is in keeping with an increased focus on the way in which organisations, including non-profit ones, manage their affairs in accordance with international best practices. The Legal Affairs/Governance Committee was mandated by the Council to provide an advisory role on governance matters being addressed, including nominations to serve on the Chamber’s Council and Standing Committees annually. The Committee was also asked to assume monitoring and oversight responsibilities for the Standing Committees of the Chamber, including possible performance evaluations of Council and Committees and recommending candidates for reappointment, removal, succession planning and performance improvements. Some of these areas were included in the consideration for a change to the structure of the Nominations Committee. This revamped Committee is intended to assist with providing a framework for a more robust review process and succession planning for future leaders of the Chamber. The outcome of discussions in this regard will be a resolution to be put to the members for approval at the Annual General Meeting to be held in May 2021.
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